Industry Analysis & Industry Trends
The Milk Powder Manufacturing industry has faced some testing times over the past five years. Fierce commodity price volatility has been the main driver of the industry's fortunes and woes. Global dairy prices reached near-historic highs in 2007-08, which caused supply shortages and a dramatic increase in milk powder prices. This was largely due to increased demand from the growing economies of Asia and North Africa, coupled with crippling drought conditions across much of Australia and New Zealand. Industry revenue and export values were significantly inflated until the onset of the economic downturn reversed the trend. Falling domestic and global dairy demand, combined with increased production in response to higher farmgate prices, led to declines in dairy prices... purchase to read more
Industry Report - Industry Key Buyers Chapter
The top four players in this industry account for slightly more than 50% of industry revenue, which gives the Milk Powder Manufacturing industry in Australia a medium level of concentration. There are also a number of medium to small players in this industry, including Tatura Milk Industries and other firms of similar sizes. The majority of enterprises within the industry are small independent manufacturers of milk powder.
Over the past five years, a series of takeovers and mergers have occurred, which has slightly increased concentration levels. While there is still a large proportion of smaller operators in this industry, their numbers are diminishing from the increasing level of competition faced by larger companies... purchase to read more